R2 Companies Sells Mixed-Use Property In Lincoln Park, Chicago For $6.7M
SOLD
$6,700,000
Illinois
See Similar DealsMixed-use24,000 SF
Sold 07/27/2022
SOLD
R2 Companies Sells Mixed-Use Property In Lincoln Park, Chicago For $6.7M
2001 North Clybourn Avenue, Chicago, Illinois 60614, United States
See Similar DealsMixed-use24,000 SF
Sold 07/27/2022
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$279
Total Square Footage:24,000 SF
Transaction Type:Sale
The mixed-use property located at 2001 North Clybourn Avenue in Lincoln Park, Chicago has been sold for a total price of $6,700,000. This property spans a total area of 24,000 square feet and has a price per square foot of $279. The sale took place on 07/27/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,700,000
- Address: 2001 North Clybourn Avenue
- Market: Lincoln Park, Chicago
- Square Feet: 24,000
- Price per Square Foot: $279
The seller of the property was R2 Companies. The transaction was facilitated by brokers Danny Spitz and Jason St. John, representing Greenstone Partners.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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